COLDWATER, Mich., Nov. 16, 2007 (PRIME NEWSWIRE) -- Monarch Community Bancorp, Inc., (Nasdaq:MCBF), the holding company for Monarch Community Bank, today announced a quarterly dividend of 8 cents per share. This is a 14.3% increase over the previous dividend of 7 cents per share and is a result of the Company's earnings increase over last year.
The cash dividend is payable on December 14, 2007 to shareholders of record as of the close of business on November 30, 2007.
Monarch Community Bank is headquartered in Coldwater, Michigan and operates five full service retail offices in Branch, Calhoun and Hillsdale counties, as well as a drive-thru only location in Branch County.